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English 118
Search Results 66 to 117 of about 118 (some duplicates have been removed)
CNN
Dec 4, 2012 6:00am PST
unbalanced and not serious. translation? no tax hikes on the wealthy so democrats said forget about it. we thought you should take a look. it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to maybe 67. turning down the gop proposal, dan pfieffer said, quote, it provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve." let's head now to the white house and dan lothian. the white house will not offer a counter proposal, right? what's going on here? >> reporter: well, you know, i think the white house is digging in. the president said early on in this process that he would only sit down and really move forward, negotiate on this in any meaningful way if the tax hikes for the wealthy expired. and republicans have been pushing back on that -- tax breaks rather for the wealthy expired and republicans have been pushing back on that, say they go believe that will be
MSNBC
Nov 30, 2012 12:00pm PST
to the burbs pushing tax relief for middle america. >> a jobs bill passed the house this morning. i repeat a jobs bill passed the house this morning. >> and heard it from sc, big news from the capital oil. we're awaiting big news from the nation's highest court. will gay marriage finally be put on the docket. >> and tgif. thank goodness it's filibuster reform. wait that's not it? >> i can barely hear myself think over jonathan's shirt. >> love it. >> when i was growing up in the suburbs, i didn't think it was the center of society. we went to the mall, we played in the back stuff, did stuff we weren't supposed to in the bachlts. but the soul of the middle class society was being born in the burbs. which is why when the president needs to speak to real americans, he takes his tax cut fight to the suburbs in philly. >> i'm already missing the time that i spent on the campaign visiting towns like this and talking to folks like you. if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. i'm assuming that doesn't sound too good to you.
MSNBC
Dec 3, 2012 7:00am PST
maker? >> it just may mean that republicans ultimately give him close to what he wants on raising tax rates on the top 2%. president obama has been very clear, he was all the way through the campaign that he would not give in on that. so that's i think what's important now. republicans don't like a lot of what was in the white house's opening offer. they dictate the $50 billion stimulus that was in the offer as a slap in the face. some of these little things we'll see taken out of file deal. >> to that point here's john boehner talking about when he saw that opening offer. >> i was flabbergasted. i looked at him and said you can't be serious. i just never seen anything like it. you know, we got seven weeks between election day and the end the year. and three of those weeks have been wasted with this nonsense. >> okay. >> it's clear he's not pleased from his ha. is the president in danger of going too far? >> no. i think that everyone is amazed that president obama is pursuing an absolutely normal approach to negotiation. people over the last two years got so accustomed to his strategy
FOX News
Dec 6, 2012 6:00am PST
, your taxes will go up despite the haggling going on on capitol hill. you will be paying more to the u.s. government. stuart varney joins me now. so, stuart, that's the bottom line. this is what people i think across the country are starting to realize no matter what they negotiate, 2013 will be different for most of us. >> this is the untold tax story. everybody has been concentrating on tax the rich, yes or no. but the payroll tax holiday goes away january 1. neither political party wants to keep it going, therefore the tax -- the social security tax for everybody who works goes up as of january 1. that will take $120 billion out of the economy. it is a tax increase of $120 billion. martha: the bush tax cuts and letting them go versus this increase. how does it all balance out? >> reporter: just consider this. you reported 370,000 people filed for first-time unemployment claims last week. that's a high number. forget about sandy, 370,000 is a high number. here we are raising taxes on everybody who worked by $120 billion. maybe we'll also raise taxes on richer people, wealthier people
CNN
Nov 30, 2012 8:00am PST
's really no other way to say it. they stopped at the request for $1.6 trillion in new tax revenue, which probably gives us a bit more context to house speaker john boehner's response to all of this yesterday. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> so, let's not forget here just how close we are to this cliff. cliff day is 32 days away. you might say we're kind of teetering, regardless of what the republicans think, regardless of how loud they may be laughing, the president is awalking. he's taking this pitch on the road, and he is heading as we speak to a suburb in philadelphia to tour a toy factory and give a speech there. but this is not just your average factory. it's not just your average tour. it's not your normal glad-handing here. in fact, the republicans are saying this is just president obama campaigning. they're angry that he's off selling this proposal to the public instead of sitting down at the table with them and negotiating back in washington. it's a great shot, though, to watch marine one tak
MSNBC
Nov 30, 2012 10:00am PST
bid, president obama hits the philadelphia suburbs campaigning hard for his plan to raise taxes on the rich. >> it's not acceptable to me and i don't think it's acceptable for you for a handful of members of congress to hold middle class tax cuts hostage because they don't want rates on upper incomes to go up. that doesn't make sense. >> the speaker was quick to respond. increasing tax rates draws money away from our economy that need to be invested in our economy to put the american people back to work. it's the wrong approach. we're willing to put revenues on the table, closing loopholes and not raising rates. we think it's better for the economy, pure and simple. >> and just now, hitting the jackpot. the small town missouri couple who have had more than their share of hard times win the powerball and with the great american generous spirit are taking it in stride. >> our main concern is our family and, of course, and we have a very large family and then next is our charities we'll be giving to. yeah. it's like how much does a person need? >> and is this man who went to a mary
MSNBC
Dec 4, 2012 10:00pm PST
increase in tax revenue of $800 billion obtained by reducing or eliminating unspecified tax deductions was taken seriously by no one in the senate except republican jim demipt. speaker boehner's $800 billion tax hike will destroy american jobs. the heritage foundation skewered the boehner counteroffer on its blog. at first blush, it appears little more than categorical preemptive capitulation. to be fair, the details of the republican proposal are extraordinarily vague to the extent it can be interpreted from the hazy details that it is utterly unacceptable. president obama said today there is a time and a place to discuss reforming the tax code. but that time is not now. >> what i've suggested is let's put a down payment on taxes, let's let tax rates on the upper income folks go up. let's let those go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform. we look at what loopholes and deductions both democrats and republicans are willing to close. and it is possible that we may be able to lower rates by broadening th
MSNBC
Dec 6, 2012 10:00am PST
the white house is ready to over the cliff if republicans don't budge on taxes. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. >> alan simpson co-chair of the president's debt commission, says both sides are making a high stakes gamble. >> when you have leaders of parties and people of the administration saying, i think it will be to the advantage of the democrats to go off the cliff, i think it will be advantage to the republicans to go off the cliff, or the president to go off the cliff, that's like betting your country. there's stupidity involved in that. >>> syria on the bring. secretary of state hillary clinton holds emergency talks with russia as u.s. officials confirm reports that the syrian military is prepared to launch chemical weapons against its own people. >> we've made it very clear what our position is with respect to chemical weapons and i think we will discuss that and many other aspects. >> the whole world is watching. the whole world is watching very closely. and the president of the united states has made very clear that there will b
MSNBC
Dec 3, 2012 9:00am PST
of looking like they're defending, keeping the current tax rates for the wealthy. end of the day president obama is selling a simple message, i want to keep taxes low for middle-class americans and republicans look like -- i'm worried are in the position offiof ing -- looking as fe the don't care about middle class. >> joining us is the sage of capitol hill, boat shoe enthusiast and celebrity doppelganger, nbc's luke russert. >> good day. happy monday. >> thank you, luke. it's an exciting time on capitol hill my friend. i want to focus first on the gop. is the party coming together, coalescing around something, anything, relating to the fiscal cliff? >> well, i think they're coalescing around anything it's for speaker boehner to continue the negotiations and not give a single inch. the gop has done very well over the last few years is in the negotiations with president obama. they've held a hard line to the very end including during the debt limit where john boehner is allowed to say he got 98% of what he wanted. what you have to look for is the splinter that tom cole started last week, he
MSNBC
Dec 5, 2012 8:00pm PST
all of you. >> the president holds the line on taxes and draws the line on ç the debt ceiling. >> i will not play that game. >> tonight, democratic whip steny hoyer gives me the latest fiscal cliff developments and the democratic line on medicare. tom perriello from the center of american progress action fund on how democrats can deal with republicans who can't deal with reality. rubio and ryan reload with a new message for the middle class. >> both parties tend to divide americans into our voters and their voters. >> but there is no escaping their own policies. >> we're going to a majority of takers versus makers in america. >> dnc chair debbie wasserman schultz responds tonight. plus, senator barbara boxer on her new plan for national polling place standards. and a new poll shows half of all republicans think the defunct group a.c.o.r.n. stole the election from president obama. >> that's an eye opener. >> i wonder where they ever got that idea? >> you just have to wait and see what happens. >>> good to have you with us tonight, folks. thanks for watching. here is are the latest. r
CNBC
Nov 29, 2012 1:00pm EST
points. republicans realizes taxes are going to go up, everyone realizes what's going to happen to rates. what we still don't know, what are the democrats proposing to really cut. put on the table, get it out there and let us know what it is. >> how volatile do you think this market is going to be the longer this goes? >> i think if you're the day trader type you absolutely trade it because you love volatility because that's how you're going to make money. if you're the long-term person, i don't think you chase it at all. i think you remain patient, stay on the bid side, let prices come to you because i think they will come to you. the longer this goes on the more frustrated this market is going to get. then it will start to make et cetera own own and we know what happens then. >> thank you, kenny. eggs and purgatory, tyler. that's the recipe of the day. i think it is quite apropos. >>> house speaker boehner voicing his disappointment over the state of the debt talks. so is there still a chance for a deal before the end of the year? here to explore that and more, representative bill pask
CNBC
Dec 3, 2012 3:00pm EST
multi-step solution here, including what he's after is $800 billion in revenue through tax reform. that's obviously significantly less than the $1.6 trillion the president asked for his-n his initial offer last week. other details in this offer being reported by nbc. health savings of $600 billion. other mandatory savings of $300 billion. a revision to cpi of $200 billion. and further discretionary savings of $300 billion. guys, it looks like the horse trading is alive and well here in washington. now this offer being extended from the republicans. you can assume that the white house will not think this is enough tax revenue to go forward, but, of course, offers are being exchanged here so that's a sign negotiations are under way, guys. >> let's get into the details here. $600 billion in health savings. what does that mean for medicare? break it down in terms of where these savings come from. >> i wish i could. what we don't have here is a lot of detail hanging off this christmas tree at this point. we're looking at a couple of bullet points being released now in terms of the scale of t
CNN
Dec 5, 2012 12:00am PST
? >> they are going to create people to come together on this and get it done. >> none of us want to see taxes on middle class folks go up. >> the president is very determined to try to prevent us from going over the fiscal cliff. >> those three guys are here live. and the man who shut down the government under bill clinton. what newt gingrich thinks it will take to avoid that happening again. >>> plus one of my personal heroes, the fastest man in the history of planet earth. jamaican sprinter usain bolt revealing a talent you may not know he has. ♪ let's get together and feel all right ♪ >> this is "piers morgan tonight." >>> good evening. our big story tonight, you are so hot, america. i mean that literally. the temperature was a balmy 60 degrees this afternoon in new york just outside cnn's studios. the average high temperature in december is normally 43. a warm front has flooded the lower 48 states. quite extraordinary but is it evidence of man-made global warming? that's tonight's battleground america. joining me now, bill nye the science guy and mark morano, the publisher of climate
CNN
Dec 4, 2012 9:00am PST
and amazon of avoiding their taxes or minimizing them and not the right way. we'll have a live report. everything has to be just right. perfection is in the details. ♪ get to holiday fun faster with pillsbury cookie dough. five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >>> welcome back, everyone. while washington bickers over the fiscal cliff and who's going to pay more in taxes, in great britain, lawmakers are telling some american companies it is time to start paying their fair share there in the uk. even throwing around terms such as shame, outrageous when talking about it. executives from google, amazon, and starbucks all appeared before a parliamentary committee looking into how international companies minimize the tax they pay in the uk. richard quest is in london to explain it all. now, richard, not necessarily talking about tax evasion here. it's more like avoidance, mini
CNN
Nov 28, 2012 4:00pm PST
hypothetically, what the present has asked for, to let the tax rates go up on the top brackets, it would run the government for a limited period of time. so the president really needs to tell us what his plan is. i'm increasingly pessimistic, not optimistic, because the president seems to be campaigning, rather than going anywhere and doing anything to get a deal. because if we don't get a deal, it will hurt a lot of people. >> are you saying that the way we're going now, we could actually go off the fiscal cliff? >> we don't know what the president has said he needs, because revenue is not enough to solve the problem. as you know, we have a trillion dollar annual deficit and this would not close that gap at all. so the president needs to come up with a plan and for better or worse going to require leadership. no member of the senate or the house is going to be able to do this, this is something the president has to do by himself and he can't do it on the campaign trail. >> let me ask you this because you wrote an op-ed today and you wrote about divided government about the deal. you said di
CNN
Dec 1, 2012 2:00pm PST
a deal to avoid the so-called fiscal cliff. a huge package of tax hikes and spending cuts will kick in january one. they spent time blaming each other for not getting serious. in his weekly address, president obama says he is ready to make a deal but wouldn't accept continued tax cuts for the wealthiest people. >>> the senate has already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. and if we can just get a few house republicans on board, i'll sign this bill as soon as congress sends it my way. but, it is unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the richest americans. >> republicans say tax hikes on the wealthy mean tax hikes for small businesses, something they insist they cannot accept. here is long-time gop senator orin hatch. >> unfortunately, some on the other side of the aisle are indicating a disastrous thelma and louise idea, that will put us in jeopardy, for small business and other parts of the e
CNBC
Dec 5, 2012 3:00pm EST
on a bipartisan letter from lawmakers that's. putting tax hikes and entitlement cuts firmly on the table. >> i'm bill griffeth. let's show you, and the charts tell the day's story, as it usually does. can you get when the president began speaking at business round table and we learned that at least 40 house republicans are breaking ranks to talk about anything, all possibilities as they said in an open letter. right now the dow is up 110, near the highs of the day. 13,062.59. the nasdaq is going the other direction. blame apple and overall technology having a tough day. down 13 points right now on the nasdaq at 2982. the s&p is holding with a gain of about five points. we'll have more on the markets in a moment. first, let's get to what's going on in washington. more republicans breaking ranks to join what we hope will be a bipartisan call for higher tax rates and entitlement cuts. eamon javers on capitol hill has the very latest details for us. eamon. >> reporter: hi, bill. that letter does call for the speaker to negotiate, including all options on the table. it is a bipartisan letter. we sh
CNN
Dec 5, 2012 4:00pm PST
with these massive increases in rates. impasse is not an option. means everybody's taxes go up, but if the president has his way, taxes are going to go up on those very wealthy folks making over 200,000, but most are small businesses filing a subchapter s companies, about 88% of net small business income will be for these taxes when we're depending on them to create two-thirds of the new jobs. boehner's trying to mitigate that mess. i wish him luck. something's going to f to have to give. >> from everything i've heard is that we are realistically, there's two options for country. one, go over the cliff. the other, extend the bush tax cuts for the 98% of americans. everyone who makes under $200,000 a year if they're single. those seem to be the two choices. between those, which do you pick? >> but, if we do that and raise the taxes on those small businesses we were just talking about, according to the congressional budget office, that's going to be about 200,000 american families are going to be out of work next year and that's the low estimate. young is estimating about 700,000 more unemployed. that
CNN
Nov 30, 2012 12:00am PST
president obama's attempt to try and do a fiscal cliff deal? >> with $1.6 trillion in new taxes, i think probably half a second. >> when you see the apparent attempt at a bipartisan lunch going on today between obama and romney, it was all very sweet and everything, the reality is the picture was about as uncomfortable as the relationship is between the two sides, and again, frank, how do we get to a better place in washington? how do we get these guys to realize, let me throw this at you. i interviewed mike tyson an hour ago. fantastic interview in many ways. what i found really fascinating and relevant to this, he talks about when he goes back to the streets he grew up in in new york, what real people care about. they care about their homes, they care about their jobs, they care about feeding their children. he got quite passionate about it. i just don't get that these politicians squabbling in d.c. care about those things enough or they would stop this politicking over things like a fiscal cliff. what do you think, frank? >> they care in largest part about staying in office and one of
MSNBC
Nov 29, 2012 10:00am PST
. timothy geithner tries to corral congress around the president's tax plan. no corral for these two, razzie the zebra with casper the pony. running wild on staten island. the owner left the gate to the pen open. they were nabbed an hour later. the onwner blames it on the pon, casper, and it was casper's third escape. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> white house officials say today the president has not made final decisions on his foreign policy team but he went oust his way at a cabinet meeting to give a shout out to susan rice. >> susan rice is extraordinary. couldn't be prouder of the job that
CNN
Dec 6, 2012 2:00am PST
%. >> we're looking at the potential of bringing in more than $500 million each year in new tax revenue. >> reporter: the big question still, what will the federal government do? pot is still illegal federally. today a legal toak-up revolution burning here in colorado. the only things the feds are saying at this point is that marijuana is still illegal federally. think of it this way in washington state, it will be treated like booze, basically, hard liquor. you have to be 21. you can get busted for dui, can't drink it in public, those sorts of things. all those rules are yet to be written, in a year or so you'll have pot stores all over this state. back to you. >> a number of big employers like boeing and costco ban their employees from smoking marge math. there are other companies that have to do drug testing. will this new law change anything for employers? can workers still get fired for testing positive? >> reporter: the simple answer is no, you can still get fired. you can't smoke pot and go to work. it doesn't change anything with regard to employers who have those rules in place
CNN
Nov 30, 2012 6:00am PST
yesterday. it calls for $1.6 trillion in tax increases over a ten-year period more than republicans had anticipated. in addition to that, $400 billion in spending cuts that will come later. much of that not really specified. we're looking at entitlements such as medicare. and then the plan also includes $50 billion in stimulus spending. democrats see this really as sort of the opening salvo in these negotiations. early on in this process, both sides appear to show some level of optimism that this would get done. in the last few days and certainly yesterday it just seems like both sides are so far apart, it's not unusual for us to see this kind of posturing and other negotiations, tough negotiations over the last four years or so. you'll see things build up whether it appears that it's going to get done. then they fall apart. in the end it does happen. the hope is that that would happen here as well. both sides seemingly far apart still. >> neither side, dan, wants to say anything that would potentiallyg suggest they're giving up any leverage. republican aides say the white house author
CNN
Nov 30, 2012 6:00pm PST
solve these problems. >> with 32 days to go, will you be paying higher taxes? my political all-stars weigh in on battleground america. >>> and against all odds, after sandusky, penn state's incredible comeback. my exclusive interview with the coach of the year. >>> and a reunion with a dear old friend whose bark is as bad as her bite. sharon osbourne. her incredible year of highs and lows and how she's rebuilding her life after facing a terrible health prognosis. >> i couldn't see myself going through chemoagain. >> this is "piers morgan tonight." >>> good evening. who ever thinks the american dream is dead or dying should meet mark and cindy hill, a missouri couple who live a very ordinary life. at least that's what they were doing until wednesday and a little thing called power ball came along. sure, the odds were 1 in 175 million, but like everybody else in america, pretty much everyone else, they bought a ticket. wouldn't you know it, they won. sharing the jackpot with another lucky winner. today, the hills are holding a check in their hands for a cool $293 million. not sur
CNN
Dec 3, 2012 2:00am PST
and cut spending. on january 1st, as many of you know, taxes go up and doeep spending cuts take effect. the sunday talk shows reflect how far apart they are what we will not do is extend those tax cut force the wealthiest americans. there's no possibility that we will find a way to get our fiscal house in order without those tax rates going back up. >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making a concession to put revenues on the table. it's unfortunate that the white house has spent three weeks doing basically nothing. >> speaker boehner added he is flabbergasted by the administration's proposals while secretary geithner said he believes a deal can be reached by the end of the year. >>> we could find out this morning if the supreme court will take up the issue of same-sex marriage. at 9:30 eastern, the court releases its orders list. there's a possibility justices will hear cases that challenge the federal defense of marriage act or california's proposition 8, which defines marriage as strictly between a man and
CNBC
Nov 30, 2012 4:00pm EST
selling, given the fact that people are worried about higher taxes. i guess it makes sense to unload some of your winners if you're sitting on big gains. get the 15% cap gains tax now rather than the potential of the 25% in just a couple of months. >> well, broader issue -- a lot of them have been underperforming throughout the year. s&p is up 12%. a lot of people i know are up 4, 6, 7%. that's underperformance. they have a real problem how it. they have to stay invested or find some way to outperform or they're going to have problems. so what do you do? this is a real tough situation. >> all right. thanks, everybody. appreciate it. have a good weekend. see you soon. >>> as you know, the market ending the week mixed, but we saw some wild swings following a parade of fiscal cliff comments this week. >> lawmakers expected to meet this week to work for a compromise. >> i would hope our friends on the other side can turn off the campaign. >> we could have prevented this crisis months ago by just simply adopting what we passed in the senate. >> president obama is meeting with high-profile chie
CNBC
Dec 4, 2012 12:00pm EST
. is the white house going to accept anything but tax rates going up? >> well, they've never completely closed the door on that. >> it's like maybe just a crack, and i mean it's a small crack. >> yeah, and it's a very small crack and it might even be closing. they are very much about the high higher rates. the thing that i think the white house is having legitimate problems with in this new offer from john boehner is the lack of specificity. tony and i argued this a lot. he makes a great point. do we have to argue about rates versus base? is we can talk about base. and at this point republicans have done the same thing mitt romney was doing. $800 billion in new revenues from unspecified chose urs. the time for that is past. i'm glad they're coming with a counteroffer. they have to put specifics on the table. >> tony, under any circumstances, as you sit here right now, are republicans going to agree to let tax rates increa increase? >> look, i find that almost impossible for republicans to do, at least before december 31. i think everyone understands that it is the single thing that the preside
CNN
Dec 5, 2012 2:00am PST
over the fight in the fiscal cliff. americans face crushing tax hikes and severe spending cuts in 27 days if democrats and republicans cannot come together on a deal. by the way, congress breaks for the holidays in ten days. slash that number. in an interview with bloomberg news, the president made it crystal clear he's not about to blink on the issue of tax hikes for the wealthiest americans. >> we'll have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> white house correspondent dan lothian joins us live from washington this morning. very nice to see you, dan. >> good to see you. >> here's the deal. we have republicans pitted against democrats. now we understand there are issues amongst republicans as well. >> that's right. they're in a tough spot here. they don't want to be in left in a position of being blamed for the fiscal cliff. you're seeing a division between house members and senate members. the reason for this is mainly over the 800 billion in new tax revenue. this was part of john boehner and plan. those tea party-backed co
CNBC
Dec 5, 2012 9:00am EST
technology. pxp is a deal maker but ready to trade because capital gains taxes are going up. could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to get to kayla tausche with more on that. >> we have a release that just hit the wire in citigroup where those jobs are coming from and a charge that the company plans to take in the fourth quarter because of these job cuts even though it expects them to generate $900 million in cost savings next year. interestingly this is the first move toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quar
CNBC
Dec 6, 2012 9:00am EST
's position when it comes to raising taxing on the wealthy, those making more than $250,000. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. there's no pros teblpect to the agreement that doesn't involve taxes going up on the wealthiest 2%. remember it's only 2%. >> i talk every day to our customers around this country, around the world sometimes for that matter too, but around the country, and they are all scared to death what happens in january, nobody knows, but all i know is going over the cliff is too hot to handle, it's an option we just can't stare in the face and there's no way we can do it. they will get us through this in one form or fashion. >> interesting call. conventional wisdom, obviously the white house and the secretary hardening their line, and a lot of people are saying the republicans are starting to fray, to concede that rates will go higher, maybe not to 39.6% there's discussion in politico that there's a 37% solution. the republicans can say we defended against the worst case, but we gave the president og so
CNN
Dec 6, 2012 11:00am PST
millions and his work. marco rubio, pat toomey. very conservative, anti-tax, anti-government purists in the mold of jim demint. however, he also backed in republican primaries a number of republican candidates who simply were not electable according to the republican establishment and the establishment was right. for example, remember christine o'donnell, i'm not a witch, from delaware. ken buck of colorado. and others. so those are some of the reasons why he definitely has ruffled many a-feather with the party leaders and i have to tell you first thing i saw when the senate republican leader mitch mcconnell released a statement today was making the point that demint had, quote, uncompromising service. didn't have to read between the lines too much to see there's a backhanded compliment. >> dana, what about bigger picture here and talking about the republican party aenl just talking about folks like ryan and rubio, let's say, part of maybe the next generation republicans. do you think that demint's brand of republicanism is falling out of favor with sort of the newer version of what
MSNBC
Dec 3, 2012 2:00am PST
. that would allow tax rates to rise on everybody. then congress could come back after the new year and cut taxes on everyone but the wealthy. nbc's mike viqueira has the story. >> reporter: administration optimism for a deal. but only if republicans give in on raising rates for the wealthy. >> you think we'll get a deal by the end of the year? >> i do. the only thing that stands in the way of a deal right now is if a group of republican members decide they're going to block the deal because they want to extend tax cuts. we can't afford for the wealthiest 2% of americans. >> reporter: john boehner dug in. no rate rises on anyone. >> the president's idea of a negotiation is roll over and do what i ask. >> reporter: the opening bid brought the gop leaders by geithner is a nonstarter. >> i was flabbergasted. i looked at him and said, you can't be serious. >> reporter: included in the offer, $1.6 trillion in new revenue, twice what was on the table in last year's failed grand bargain, and $600 billion in spending cuts, much of it from medicare, not nearly good enough, say republicans who insist
CNBC
Dec 5, 2012 11:00pm EST
and increase taxes. yes, that's the actual compromise radical middle position as dave cote from honeywell says, and those who simply refuse to accept tax increases or entitlement cuts. given that the president's saying he campaigned and won on a platform of higher taxes for the wealthy and the republicans say they were elected because they pledged to behind the scenes power broker grover norquist they would never raise taxes, it certainly seems like the impasse cannot be solved and we got to go over the cliff. not only do the hard liners refuse to rise above partisanship in order to avoid a government mandated recession, which is what it's tantamount to doing, but we can't even get them to promise no vacation without legislation! >> boo! >> they not only seem mean-spirited, petty, reckless, and angry down there in washington, they're also slothful. have you ever been able to say to your boss, walk in, you know, hey, man i know i've got a huge project due, one that could bring down the whole company if i don't finish, but darn it all, hey, see you later, sport, i'm taking a vacation. i'm out of
CNBC
Nov 29, 2012 12:00pm EST
. if they drag it out and they don't get substantive issues on the table like cuts as well as taxes, then we're going to be closer to the cliff. that's why all these special dividends. that's why costco borrowed $3 billion to pay that $7 special, judge. that's not a good sign. >> josh, yesterday the dow was up 100 then down 100 -- or down 100 then up 100, whatever you want to say, for the first time in a year, since october 2011. >> i have friends in the swing trade community. i got to tell you i have not heard this much negativity from these guys. these are guys that will typically put on a position for one to five days. they say this atmosphere right now is really difficult because it's almost a coin toss what's going to happen from one hour to the next when we're back in this headline mode. that's exactly where we are. i think if you're an investor here and you're looking to capture some of these whip saw moves, really have to know what you're doing. if not stick with what you like and stay liquid which has been the approach we've taken. >> joe, amazing volatility in the market. 200 point
MSNBC
Dec 5, 2012 9:00pm PST
. and rather than taking a hyper-tax, deep footnote approach as he did, he could have just come out and said that. he did not come out and say that. because john boehner may be many things, but he is not stupid. he understands the bind he is in. his party is antagonistic to medicare. and it is also generally funded by lots of people who would like to see medicare dissolved. and it is also a party that won people on medicare by 12 points in the last election, even though they lost the election overall by three points. in fact, john boehner's cageyness about saying what he actually wants to do is par for the course in this debate. that is actually the norm for the politics of medicare. and the reason is a deep contradiction at the heart of our national conversation on the issue. medicare is massively, overwhelmingly popular. it is very successful. which mean people in the country, voters everywhere, love medicare and do not want it to be cut. and wonks in washington, d.c. spend their time trying to figure out how to cut medicare. both democrat and republican. and with this very thorny contradi
CNN
Dec 5, 2012 9:00am PST
cuts and tax hikes actually kick in. now, the president, he is standing firm saying there's not going to be a deal medicals taxes for the wealthiest americans go up. the president is offering $400 billion in cuts from entitlements, but he also wants to spend $50 billion more on infrastructure. go to house speaker john boehner. he is offering $800 billion in increased revenue. he also wants much deeper cuts in entitlements and $800 billion in other cuts many spending. we've got reporters -- i want to start off with you. dana bash on the hill. a standoff here, republicans essentially saying, look, the president is not being reasonable here, and then you have the white house saying this is magic beans and fairy dust. is this a lot of posturing here? are we really at an impasse? >> yes to both of those questions. there is a lot of post urg, but we do seem to be at an impasse. i want to show our viewers some video that will illustrate just what we're talking about. that is pictures of members of the house of representatives leaving for the week, and now, i don't want tower viewers to get c
NBC
Dec 5, 2012 5:00pm EST
monday when republicans proposed raising revenue by closing tax loopholes not by raising rates own the wealthy as the president has demanded. >> we're not insisting on rates out of spite but rather because we need to raise a certain amount of revenue. >> we can't keep borrowing mown and raising taxes and expect the problem to go away. >> with no solution in sight the white house budget is now ordering the pentagon and other an an jencies to finalize their plan to avoid massive spending cuts. >> secretary of state clinton says nato's decision missiles to turkey sends a clear message that tour ski is backed by its allies. the big concern remains an increasely desperate assad regime will turn to chemical weapons as rebel fighting rages on. the u.s. and its partners are looking to apply additional pressure on at a conference next week. the regime insists they would not use weapons against its people. >> a natural gas tanker arrived in japan today becoming the first vessel to successfully test a new trade route through arctic waters. it opened up due to shrinking ice. it shaved nearly t
CW
Dec 5, 2012 9:00pm CST
barack obama suppresses his case today for a tax hike to help reduce the deficit. we are not insisting on rates just out of spite or any kind of partisan victory but rather because we need to raise a certain amount of revenue. >> and he made that pitch to several wealthy ceos he wants to raise taxes on the top 2 percent of income earners and he believes this will help raise the government's 16 trillion dollar debt coupled with spending cuts but the republican controlled house says the president has not responded to their latest proposal. >> i think we made a good-faith offer to avert the fiscal crisis and that offer included significant spending cuts and reforms and it included additional revenue and frankly it was the balanced approach mr. president has been asking for. erick kanter announced today there will be no adjournment into a credible solution to the fiscal cliff is found. >> house lawmakers proposed a bill today they claim will bring the costs under control and provide a safe retirement, it creates two groups of public employees those hired before 2011 and those hired sin
CNBC
Dec 3, 2012 12:00pm EST
the fact we're going to have these fiscal drags in the form of tax rates and government spending, number one. and number two, are they even close to the mark this year? they haven't been in recent years until we have gotten closer to the end. will this be yet another year where they're wildly off. >> yeah, so i'll answer the second question first. our forecast for 2013 is that we're going to have $99 in s&p earnings. the street is now at $113. i guess the good news is, we see the earnings troughing in the april time frame and beginning to grow after that. so you could have some earnings growth, which is i think more optimistic than where it was a year ago. but the problem is the consensus numbers have to come down. so your question is tricky, josh. i think everyone knows the numbers are going to come down. we're not paying for the $113 now. abo but as they come down, will you be afraid they go way lower. that's really the key debate, right? and i think people could be afraid around the fiscal cliff or around supply issues on oil or europe, you know, looking pretty weak. so there's a numb
CNN
Dec 2, 2012 2:00pm PST
fall off the fiscal cliff. avoiding it -- if they do nothing, everyone's taxes go up and automatic spending cuts will take effect. no imminent deal is in sight. >> if they are going to force higher rates on virtually all americans, because they're unwilling to let tax rates go up on 2% of americans, then that's a choice we're going to have to make. >> i would say we're nowhere. period. we're nowhere. we have put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. they have actually asked for more revenue than they have been asking for the whole entire time. >> in other words not quite a good place to be, but both sides agree that the government needs to raise more money. how much and how they do it are two of the major sticking points. >>> and protests and a constitutional crisis, what is next for egypt. we'll dig deeper into the struggle for power between conservative islamists and liberal secularists. and later, brad pitt talks about his future with angelina jolie. >>> and a dog
ABC
Dec 6, 2012 7:00am EST
before everyone's taxes go up and programs get cut. jon karl is following it all. a small breakthrough yesterday, president obama and house speaker john boehner got on the phone. >> reporter: that may not sound like much, george. but it's the first time the two men have spoken in a week. and what may be the most significant sign of progress, neither side talked about what was said on the call, an indication they may be serious about negotiating in private. >> we're starting to see some republicans concede that tax rates on the wealthy, at least, are going to have to go up. the president has another rock-hard bottom line. that's an increase in the u.s. debt limit, as well. >> reporter: that's right. republicans even top republicans, say the tax rates are going to almost certainly go up. but on this question of the debt ceiling, the government reaches the limit of how much money it can borrow in february. republicans say they will exact a price for that. they want spending cuts, if they can't get exchange for the tax increases. they will raise the debt ceiling. >> the president saying he
CNN
Dec 1, 2012 11:00am PST
know you have all heard of the so-called fiscal cliff, the huge tax hikes and spending cuts that will be triggered if congress and the white house don't reach a budget deal by the end of the month. well, what are we looking at? first, cuts in defense. also bush era tax cuts set to x expire, so the majority of americans will pay more taxes. also at stake, the payroll tax holiday and unemployment benefits expect to get cut. dana, in your most recent column, you say it doesn't seem like anyone is doing anything but photo ops and news conferences. one politician was quoted as saying, effectively, we have a month. that's loads of time. is this a sophisticated game of chicken? >> it's a rather unsophisticated game of chicken, kind of elementary. what they're doing, both sides really, is doing a lot of posturing and waiting until they get close to the deadline if not go over the deadline because they feel if they go over the deadline, they're in a position to tell their hard core supporters, look, we have really got to make this deal now or that's the end. the economy goes back in
CNN
Nov 29, 2012 6:00am PST
on this tax issue? he has no sway with republicans. by the way, this idea of bringing mitt romney into the obama administration is -- honestly, it's laughable. the guy ran against everything that obama stands for. >> it worked on the west wing. >> with all due respect as well, president obama -- this isn't coming from some right winger. you can take that out of your ears. it comes from reporters across capitol hill. president obama doesn't like doing these things. he doesn't like the personal interaction. and he certainly isn't one known to set aside his grudge. so i don't see any place for mitt romney inside an obama administration. >> i still think it would be nice. wait a second. wait a second. i think it would be nice for symbolism sake, perhaps, if president obama and mitt romney came out after that luncheon and appeared before cameras, said a few things and walked away. wouldn't that be nice, roland? >> no, no. >> come on. yes, it would. >> no, it wouldn't. no, it wouldn't. first of all, what are they going to say? the salmon's great? come on. the bottom line is if you're th
CNBC
Dec 6, 2012 12:00pm EST
has been falling, people selling ahead of the fiscal cliff, fearing capital gains, tax hike, fear that china mobile will take longer to start selling the iphone given it's already picked up nokia's latest lumia. reports apple is asking for fewer iphone 5 parts from suppliers and people wrapping that in with fears apple is losing phone market share to android and dealing with compressed margins from ipad mini and other products. as a reporter covering the company i wonder if some of us have crossed over to irrational despondency on apple. tim cook set a high bar in revenue for the quarter, he just had a big opportunity to drop a hint in interviews with nbc's brian williams and bloomberg "business week." so far it seems he didn't do that. iphone 5 supplies coming into balance available to ship in two to four business days online. ipad mini demand outstripped supply which could mean margins are better than apple projected. there are open questions on the pro and con side of apple but the most important ones, these questions can apple ramp iphone supply ahead of the quarter and will d
CBS
Nov 29, 2012 3:10am PST
on republicans to extend tax cuts for the middle class. >> it's too important to washington to screw this up. >> twin winners, a pair of winning tickets are sold in last night's record setting powerball
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